Norway/NCS ///

Three of the world’s biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about whether it can ever be cost-effective.

Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has executed a transaction with Suncor Energy Norge AS (Suncor) for the sale of a 17.5% working interest in the Fenja development, located in PL586 in the Norwegian Sea.

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9-4S &4A in the Norwegian North Sea (Faroe 28.3%).

Floatover equipment from Trelleborg’s engineered products operation has contributed to the successful mating of Statoil’s landmark Aasta Hansteen gas field project’s 24,000-ton topside and the world’s largest Spar FPSO platform, off the coast of Norway at Stord.

Abu Dhabi National Energy Company PJSC (TAQA) is transforming its Eider platform and ensuring continued production from Otter field, as part of its strategy to maximize economic recovery and extend the life of its oil and gas fields in the Northern North Sea (NNS).

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded a total of 14 exploration license interests in the 2017 Norwegian licensing round (Awards in Predefined Areas, APA).

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded eight new prospective exploration licences, including four operatorships, in the Norwegian North Sea under the 2017 Norwegian APA (Awards in Pre-defined Areas) Licence Round.

In connection with the Award in Predefined Areas (APA) for 2017 Statoil has been offered interests in 31 exploration licences on the Norwegian continental shelf (NCS), 17 of these as operator, and 14 as a partner.

Using a new protocol, a WITSML pilot project has shown significantly faster data transmission from an offshore wellsite to an onshore operations center. The updated standard has the potential to considerably improve operational support and reduce personnel trips to the rig.